Bitcoin and Ethereum's short-term downtrend is easing, with the hourly chart forming a doji star, indicating that the bearish momentum is weakening. Coupled with the KDJ indicator entering the oversold zone, there is a possibility of a technical rebound in the short term. However, the overall trend remains weak, with limited rebound strength, mainly a corrective move.



Bitcoin (BTC):

The 1-hour timeframe is still oscillating at low levels, with the price constrained by the middle band of the Bollinger Bands. The MACD green histogram has not fully contracted, but the KDJ has shown a reversal signal from oversold conditions. Resistance above is around 78,200-78,500, with support at 77,100-77,400.

Ethereum (ETH):

While Ethereum is also weakly oscillating along with Bitcoin, the KDJ is in a deeper oversold state, indicating a relatively stronger rebound potential. Resistance is at 2,335-2,350, with support at 2,293-2,300.

In terms of trading, it is not recommended to chase short positions. Focus on rebound opportunities, but be aware that the overall trend is still a weak correction, so excessive optimism should be avoided. $BTC $GT $ETH
BTC-1.79%
GT-0.68%
ETH-3.29%
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